INDUSTRIAL ORGANIZATION

The course aims to provide students with the basic knowledge about models of competition, market power and market and industrial structures. Students will learn the basic knowledge about imperfectly competitive markets and collusive and non-collusive behaviors. The course will focus also on firms’ strategies in relation to market interactions and competition. We will dig into the evolution of theories of the firm to understand the relation that links market structure, firm strategies, and performances. Particular emphasis will be given to theories and concepts belonging to the new empirical industrial organization and studies that carefully consider the specificity of industrial and territorial contexts. Some key antitrust regulations and policies for competition and development will be treated.

1. Knowledge and understanding
- learning about models describing firms' behavior under different market structures
- understanding the evolution of firms’ theory and theoretical background addressing different models of industrial organization

2. Ability to apply knowledge and understanding
- understanding the advantages and disadvantage of different typologies of market structures
- framing firms’ strategies and market power within specific industrial and territorial contexts
- learning how to adapt theories to real situation
- being able to identify the effect of specific policies on market structures and related firms’ strategies

3. Ability to judge
- being able to critically assess the advantages and disadvantages of entering a specific market
- being able to critically assess the advantages and disadvantages of operating alone or within a network of firms

4. Communication skills
- students will learn how to present and discuss specific cases and to critically assess theories and policies

Having passed Microeconomics is compulsory to access the exam of Industrial Organization (see the propaedeutic exams)

- Evolution of industrial organization theories and the new industrial organization approach
- Typologies of market structure (from perfect competition models to imperfect competition)
- Collusive and non-collusive forms of competition
- The specificity of the Industrial and contextual environment (characteristics and typologies of sectors, agglomeration economies)
- The evolution of firms' strategies within market structures
- Vertical and horizontal integration within industries
- Antitrust regulation and policies for competition and development

Main text: Lipczynski, J., Wilson, J.O.S, Goddard, J., 2017. Industrial Organization: Competition, Strategy and Policy, 5th edition. Pearson

Further information related to the referral text (e.g. chapters) and other readings will be provided during class

Not attending students: Written exam (100 percent of the final grade)

Attending students: Written exam (50 percent of the final grade) and laboratories (50 percent of the final grade)

The course is held on campus. The course includes lectures and workshops with group presentation and discussion (workshops only for attending students).

English

Due to the health emergency situation the programme and the exam may change.
Please register also on MOODLE

written

This subject deals with topics related to the macro-area "Cities, infrastructure and social capital" and contributes to the achievement of one or more goals of U. N. Agenda for Sustainable Development